Monogram Biosciences, Inc. Summary of Non-Employee Director Compensation
Monogram Biosciences, Inc. outlines the compensation for its non-employee directors, effective from 2007 until further notice. Each non-employee director receives a $20,000 annual retainer, paid quarterly, plus fees for attending board and committee meetings. Additional annual retainers are provided to the chairs of the Audit Committee ($10,000) and Compensation Committee ($5,000).
EXHIBIT 10.39
SUMMARY OF NON-EMPLOYEE DIRECTOR COMPENSATION
Beginning in 2007 and until further notice, each of the non-employee directors of Monogram Biosciences, Inc. shall receive an annual retainer of $20,000, paid in equal quarterly installments, a fee of $2,000 for each Board of Directors meeting attended in person, a fee of $500 for each Board of Directors meeting attended by phone and a fee of $500 for each committee meeting attended by committee members. In addition, the chair of the Audit Committee will receive an annual retainer of $10,000 and the chair of the Compensation Committee will receive an annual retainer of $5,000.
